COURSE OUTLINE: INTRODUCTION TO FINANCIAL STATEMENTS
Tutor: Mr. Nehemia Uzera
STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY
All students of the Academy of Banking Namibia, upon signing their registration forms, commit themselves to abide by the policies and rules of the institution. The core activity of the ABN is learning and in this respect academic honesty and integrity is very important to ensure that learning is valid, reliable and credible. The Academy of Banking Namibia therefore does not condone any form of academic dishonesty, including plagiarism and cheating on tests and assessments, amongst other such practices. ABN requires students to always do their own assignments and to produce their own academic work, unless given a group assignment.
CLASSROOM POLICIES
Class Guidelines · Students are highly encouraged to ask questions and contribute their insights and observations, as long as they are relevant to the subject matter being discussed. · Disruptive students will be asked to leave the room. · Restroom needs should be attended to before or after the class, or during breaks between classes. It should not be done during class. · Eating, drinking, and smoking are not allowed inside the classroom. · Turn off cellular / mobile phones or activate the silent vibration mode to avoid disrupting the class discussion. · Laptops and other electronic gadgets are NOT allowed during class discussions.
Contact Details and Consultations · Regarding consultation, students may get in touch with their tutor using the following email address: npuzera@gmail.com |
Course Information
Course Code and Title: INTRODUCTION TO FINANCIAL STATEMENTS [FIS 1000]
Contact Hours: 2 hours per week lectures
Course Description: This course will provide students with an introduction to basics Accounting Concepts and Reading and Analyzing Financial Statements and the Financial Services Industry in Namibia perspective. The mainstream financial statements to be analyzed include the Balance Sheet, Income Statements, Statement of retain Earnings and statement of Cash Flows.
NQF Level: 5
CREDITS:
PREREQUISITES: None
Prescribed Text Book
The prescribed Study Guide-Harvest Training
Other Reading Materials: Tutor will instruct them in classes
Learning Outcomes:
· Understand the banking system and describe the role of regulatory bodies in regulating how banks manage their capital.
· Define financial statements and know the purpose
· Know the audit and legal implications of financial statements
· Know the standards and regulations of the accounting profession
· Distinguish between a balance sheet, equity statement, income statement and cash flow statement
· Understand the importance of notes to financial statements
Course Delivery Methods: The course will be offered on full time (FM), Part-time (PM) and Distance (DI) modes.
The course will be facilitated through the following learning activities:
1. Presentation of materials in lectures
2. Assigned readings and discussions
Assignments
The assessment for this course will be based on continuous assessment and end of semester examination (three-hour paper). The Continuous Assessment (CA) mark is comprised of two assignments and contributes 50% to the Final Mark. Minimum pass requirement for this course: 50%.
Course Content
Topics
Chapter 1 · Financial Statements · Purpose of financial statements · Governance of Financial Statements · Audit and legal implications · Standards and regulations · Inclusion in Annual Reports · Balance Sheet · Income Statement · Statement of Retain Earnings · Notes to Financial Statements · Accounting and Finance Related Terms
Chapter 2 · Types of Accountings · Bookkeeping · Trial Balance · General Ledger · Debits and Credits · Double –Entry Bookkeeping System · Standard Practice · Nostro, Vostro and Suspense Accounts · Accounting and Finance Related Terms Chapter 3 |
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· Financial Indicators · Significance of Financial Indicators · Profitability Indicators · Efficiency Indicators · Liquidity Indicators · Gearing Indicators · Investment Indicators · Accounting and Finance Related Terms
Chapter 4 · Reading the Balance Sheet · Reading the Profit and Loss Accounts · Reading the Cash Flow Statement · Calculation of Profitability Ratios · Calculation of Efficiency Ratios · Calculation of Liquidity Ratios · Calculation of Gearing Ratios · Calculation of investment Ratios · Accounting and Finance Related Terms
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IMPORTANT DATES: NOTE: The following dates are subject to change based on the needs of the students at the lecturer’s prerogative. Students will be notified ahead of time of any changes.
General Academic Policies: It is the student's responsibility to be familiar with and adhere to ABN’s Policies.
AUTHORISATION: This course is authorized for use by:
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ACKNOWLEDGEMENT BY STUDENT
(To be completed by all students on the course, detached from the course outline and kept on record in the department)
I, (insert name), (Student number), hereby acknowledge that I have received this course outline for (insert course title and code), and that I have familiarized myself with its content, in particular the statement about academic honesty and integrity. I agree to abide by the Policies and arrangements spelt out in this course outline.
_________________ ___________________ Signature of Student Date
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